Land prices surge across India's top micro-markets
infrastructure development are driving up land prices in key micro-markets, particularly with the growth of satellite townships across the country.
This trend is especially noticeable in and around the Mumbai Metropolitan Region (MMR), Bengaluru, and the Delhi NCR. Efforts to reduce congestion in these cities and their surrounding areas have resulted or is expected to witness an incease of 1.4X to 3.9X appreciation in land prices.
“It is the right time for investors to invest in a location which is expanding rapidly and experiencing high land price appreciation, driven by existing & upcoming infrastructure initiatives. Investors can enjoy high returns and explore various rental yield options including second homes, holiday homes etc. and expand their real estate portfolio by investing in one of the top growth markets in India, “says Swapnil Anil, Managing Director, Advisory Services, Colliers India.
Projects like the Mumbai Trans-Harbour Link (MTHL) have significantly enhanced connectivity, boosting land prices by 2.3X in Navi Mumbai’s Panvel and Kharghar regions. Similarly, North Bengaluru has witnessed a 2.5X appreciation in micro-markets such as Devanahalli and Hebbal, due to the expansion of Kempegowda International Airport and surrounding aerotropolis projects.
The upcoming Navi Mumbai International Airport and NAINA initiative are also expected to push up land values by 3.9X in areas like Khopoli and Pen by 2030. Meanwhile, Jewar Airport in NCR and Chennai Peripheral Ring Road projects have spurred land
